Finance

Economic and Project Analysis

Posted: April 2017
Retail Sales Commentary, January-December 2016
Next due: late June 2017

Retail Sales Up 0.9% in 2016

Retail sales totalled $9.0 billion in 2016, an increase of 0.9% compared to 2015.

The largest increases in retail value were motor vehicle and parts dealers (up $138.0 million or 5.9%), and health and personal care (up $19.9 million or 3.4%).

For Canada as a whole, retail sales increased by 3.7% in 2016 relative to the previous year.

According to the Department of Finance's March 2017 forecast, retail sales are expected to decrease by 0.2% in 2017.

Retail Sales by Industry
Newfoundland and Labrador, January-December 2016
Retail Sales Trade Group
($ millions)
2015
2016
Actual
Change
Percent
Change
Automotive
3,495.5
3,628.2
132.7
3.8%
Motor vehicle and parts dealers1
2,329.2
2,467.2
138.0
5.9%
Gasoline stations
1,166.3
1,161.0
-5.3
-0.5%
Food and beverage stores
2,027.1
1,980.9
-46.3
-2.3%
General merchandise stores
1,338.2
1,338.6
0.4
0.0%
Health and personal care
590.8
610.6
19.9
3.4%
Building material and garden equipment
545.1
537.2
-7.9
-1.5%
Clothing and accessories
330.1
330.4
0.3
0.1%
Furniture, home furnishings and electronics
309.5
291.8
-17.7
-5.7%
Miscellaneous stores
134.0
137.8
3.8
2.8%
Sporting goods, hobby, music and bookstores
129.4
124.6
-4.8
-3.7%
Total
8,899.6
8,980.0
80.4
0.9%

Source: Statistics Canada
1 The motor vehicle figure displayed here includes some used car sales, as well as parts and service labour, and are higher than those appearing in the Car Sales Bulletin.

Statistical Reference: Statistics used in this analysis were the latest available at the time of writing. For the latest in retail trade statistics visit the Newfoundland & Labrador Statistics Agency site and check the release dates on Statistics Canada site.


 
Economic and Project Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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